Pitting Costs Against Control

Senior Editor

Retailers like the teen-apparel chain Abercrombie & Fitch are shifting away from air delivery to keep their shelves stocked in favor of bringing more goods to the U.S. by slower but cheaper ocean freight.

Real estate industry veteran Diane Morefield, EVP and CFO of Strategic Hotels & Resorts, Inc., discusses the challenges she has undertaken throughout her career in both finance and operational roles and her management style. While viewing herself as a “conservative voice” in an industry known for risk-taking, she says it's important to take risks when it comes to building one's career.